Strategy trades shares, not companies, and avoids making
Raising money for a hedge fund with consistent returns in
the high single/low double digits and low volatility was a
difficult exercise during the raging bull market, when even
mediocre managers produced outsized gains and many funds were
able to attract substantial assets simply by leveraging
But that kind of steady and low-risk return profile has begun
to look a whole lot more attractive, thanks to the decline in
the MSCI World Index of 40% last year and the wild volatility
in equity markets.
One fund that may benefit from the change in investor
appetite is London-based OMG Capital. Founded in 2004 by
Richard O'Hare, Gary Martin and Steven Gee, the firm manages
some $340 million across two funds.
Its OMG Opportunities Fund produced returns of just under
14% net last year in its twice-levered version,...